42:2B-41 - Creditor status for member entitled to distribution - New Jersey Statutes

42:2B-41.    Creditor status for member entitled to distribution 
    41.  Subject to sections 42 and 51 of this act, and unless otherwise provided in an operating agreement, at the time a member becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution.  An operating agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company. 

   L.1993,c.210,s.41.